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tv   MONEY With Melissa Francis  FOX Business  October 3, 2013 5:00pm-6:01pm EDT

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few days after they resolved in august, the market came back up again. so these markets are resilient. liz claman, very busy day. get a good night's sleep. we'll see you tomorrow. "money" with melissa francis is next. melissa: i'm melissa francis and here's what's "money" tonight. gunshots on capitol hill. a wild car chase putting the area on lockdown. we're live from d.c. with the very latest. plus, fox business's exclusive with treasury secretary jack lew. i says breaking through the debt ceiling will have catastrophic consequences but are his dire predictions overblown? two top experts are here with reactor shun. and "who made money today?" they are gorging on it after new antiobesity pill gets a glowing review. stay tuned to find out who it is. even when they say it's not it is always about money.
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melissa: so first, tonight, just a few hours ago, another deadly shooting on capitol hill. a woman reportedly rammed her car into a security barricade near the white house. shots were fired. shortly after, that woman is dead. we saw the capitol hill on lockdown there for the better part of an hour as reporters tried to figure out what was going on there. you're watching video of the car chase that was taken by a tourist in the capitol area. fox news's rich edson is in washington with the latest. rich, are you with us? melissa, can you hear me? melissa: i sure can. what is the latest? >> there is still a crime scene going on half a block, a block away here. take a look at video. this is absolutely incredible. this is the middle of this car chase. it started 15 blocks to the west of pennsylvania avenue. that is where the treasury department and white house are. capitol police and secret
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service police say that is the point where the car tried to run the barrier on 15th street, about a block away from the white house on pennsylvania avenue. continued on pennsylvania avenue. you see the police officers drawing their gun. that is in front of the capitol building. the driver, a female, speeds away, drives around the capitol. ends up a block from where we are now. reports are she is dead. a capitol hill police officer was injured in the crash. u.s. capitol police says the injuries are not life-threatening. when they came from the white house, this case came from the white house area down here on capitol hill, about 15 blocks or so, that is where u.s. capitol police pick up the story. take a listen here. >> the vehicle came, struck one of our vehicles here. a second maryland, a second, person here and ultimately ended up at 2nd and maryland northeast where it crashed into one of our barricades. at this time both scenes are
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secured. we initially locked down some buildings in the capitol city. that lockdown has been released. we have no information that this is related to terrorism or is anything other than an isolated incident. >> those locations he is talking about, that is about a block away from where we are right now and that is right across the street from the u.s. capitol building. as for what it was like here, u.s. capitol police shortly after 2:00 this afternoon, the alarms went out, telling everybody to get into type of room or location they could get to. it was pretty panicked among the people inside the capitol, u.s. capitol police. however the police doing quite a job getting everyone where they were supposed to go, patrolling hallways, making sure no one popped their head out including a certain reporter. from there they lifted about an hour later. things for the most part are back to normal. however we have the crime scene, the as a result of this incredible video you're watching melissa. back to you. melissa: very tense moments, rich edson, thanks so much. day three of the shutdown.
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seems like most efforts to reopen the government will be tied to the looming debt ceiling deadline. treasury secretary jack lew holding strong that the government will run out of borrowed money on october 17th. the secretary addressed that deadline with fox business's very own liz claman earlier today. i must tell you as a side note, by the way, this interview was done prior to the shooting. listen to this. >> october 11th is very real. we follow these numbers very closely. i have made it my policy to be transparent, sharing information with both congress and the public because everyone has a need to know what we're really up against because. a lack of information could lead to some very bad miscalculation. melissa: hmmm. let's bring in some our best money expert to react. brian wesbury. first trust advisors. mike westgate with the "wall street journal." brian, start with you, bad miscalculations what do you think he is talking about? >> i think what they're saying,
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i think what he is trying to do is scare everybody, that if you don't give us this increase in the debt ceiling, if you don't open the government again, bad things are going to happen. melissa: do you believe him? >> you know, no, i don't. we got told that about the sequester. we got told that about the fiscal cliff. we got told that at the last debt ceiling debate. this is classic washington arguments, right? where they try to scare you into doing something. melissa: yeah. >> i think we ought to hold firm. there is plenty of money to pay the interest on the debt. we're not going to default. some of the promises government has made to people can't be paid. melissa: yeah. >> you but know what? we've had to borrow money to keep those promises. detroit kept doing that for decade after decade, look what happened to them. it is time we stop doing that. melissa: spencer i want to believe brian but everyone is saying this one is different because it will trigger credit default swaps. we'll get a downgrade.
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there are real things that will fly into effect and will impact us even though it seems like, you know, the sequester was crying wolf and seems like this shutdown, is you know, not so bad. that really the next one is the big one. what do you think, spencer? >> i have to say that i completely disagree with that assessment. i think that, there is some sense of crying wolf because you had several instances where you had shutdown. we went over the line. we had, we passed the debt limit and special measures were taken but, what treasury secretary jack lew is saying that after october 17th, we don't know what we can do. we may be able to go some number of days. melissa: yeah. >> but you actually have the very real prospect of not being able to make coupon payments on treasury debt. that -- it is a fact. it is a fact. if you cross that line, it is a very, very dangerous line. something that you can correct it a day or two later when the market has gone crazy but it is very difficult to put the genie back in the bottle.
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melissa: brian, what do you say to that? >> i mean, there is more than enough tax revenue to pay interest on our debt. there is absolutely zero reason that our government should default. and if jack lew isn't already prepared for that, then he is not done his job. there is no way this government should ever miss an interest payment on its debt. melissa: but he said to liz. he said i did everything i could do last tuesday. >> no, no. what he is talking about, what he is talking about he could do everything he could do to borrow money to pay social security, medicaid, welfare. all the things the government does. but if he hasn't put aside money to pay a coupon he knows is coming just after october 17th, and he is not doing his job. we should never miss a coupon payment. that would be, that would be a dereliction of duty on the treasury department's job. and so, so the bottom line is, is that i don't believe this. we're not going to default on
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our debt. if we do he is failed. melissa: what do you think? >> if we were to go over the line, then, i absolutely believe it. melissa: set aside money on the sideline to make the coupon payment. >> that is not the way it works. the government for every dollar we spend, 2cents are borrowed. you can't juggle payments -- >> then it is not working. >> it is not working. that is fact. that is the fact we face today. >> then we'll eventually be detroit because you can't operate a business that way. you can't operate a city that way. you can't operate a government that way. so what the republicans are saying here is, that look, if you have to charge everything on a credit card, every year of your life, for a decade or two or three, you got to stop it at some point. so what i'm saying is that jack lew shouldn't be surprised by this. if october 11th is the date, he better have money put aside to pay the coupons that are coming due. so -- melissa: isn't this the heart of
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the fight everybody is having about this, when we get to this precipice, is it that when you, when your credit limit is up, i mean you don't run to visa, say, it is your responsibility to give me more credit because i can't pay this bill. is that what is going on? or is it this other thing those on the left are saying, we are a nation that payses our bills. we already spent this money. it is irresponsible not to pay it? real quick, which point of view is right. what are you saying, spencer? >> what i'm say something brian saying we're living beyond our means is absolutely true. we've known that for years and years. it is separate issue going over the line and being reckless saying he shouldn't have set this aside. if the money doesn't exist, it doesn't exist. and it will shake faith others have in the deepest pool of securities in the world. melissa: brian? >> and what i'm saying if that we can not default on our bond. so if that, if the treasury sets that as their number one priority, then they can make every single payment.
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they will not pace a payment. if they do, then it is a derelicts shun of duty. it is their fiduciary responsibility they completely failed at. there are other things they don't have to pay. but they have to pay the coupon and we will not default. melissa: gentlemen, interesting points of view. thank you so much. we have some breaking news we want to get to right now on twitter. let's go to jo ling kent. she is at the newsdesks. jo ling. >> melissa, just as they did a couple weeks ago they announced via twitter they have their public documents up, the s-1 filing. it came out at 5:00. we're taking a look through it right now. it is 240 pages. the tweet said we'll publicly file the s-1 with the sec. that already happened. this does not constitute an offer of any securityings to r for sale. all the founder were at hq today. a couple of photos tweeted out by employees at twitter. this was coming, fox business reported it, senior correspondent charlie gasparino
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was on this earlier this week. we'll go look through the filing, melissa and break down the numbers. we'll have more for you soon. melissa: they are all atwitter. thanks. next on "money," tesla's stock is torched for the second straight day with the video on your screen with the model s in flames. can elon musk put out the fire for tesla's reputation? plus say hello to the future of energy. landfills? it is not a joke, a revolutionary fuel could completely change how you fill up at the pump. it goes on sale today. don't go anywhere, more "money" straight ahead.
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melissa: all right. a lot of breaking news right now on twitter. let's go right to the breaking newsdesk. jo ling kent is standing by. what do you see there? >> we know the ticker symbol will be twtr. melissa: all those betting on that. >> absolutely, that is what is going to be. they aim to raise one billion dollars in their ipo. taking a look at the numbers we see for the first time what the revenue is, how much money they made. in 2011 it was $106 million. turning to 2012, twitter made
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$316.9 million. so the revenue basically tripled in that year. first six months of 2013 they made $356.6 million. the file something 200 some pages long, very graphic and pleasing the way twitter designed its platform. it definitely echoes that. we'll continue to go through the numbers here and get you some more details, melissa. melissa: yeah, definitely when you look at numbers, looks like they're on pace to basically double revenue this year. >> absolutely. melissa: jo, thank you so much. so there is a rough road up ahead. tesla takeing a tumble after this video went viral showing the model s sedan on fire. the stock continued to plummet today despite the company's statement saying the design of the car prevented the fire from entering the interior and the driver was not hurt. he had plenty of time to get out. is this a bump in the road or a total roadblock for tessa --
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tesla? >> here is hairy prince. on the other hand this is the first fire that ever happened. in one of these cars. on the other hand one of the big these of one test last, a five-star safety rating not just overall but every cat gear. it was the safest car ever made. what is your takeaway? >> well, within the confines of that test, yes it was. there will be always circumstances where a driver might exceed what happens in a car. i mean, what a car underbows in testing. it is not a less safe car. this is not a first car, tesla, that caught fire quite frankly. there was a car that caught fire in 2010 and led to recall of 43cars. now that didn't derail tesla's progress at all. as a matter of fact the day that car was recalled, cadillac recalled a number of srx suvs.
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440 people are killed on average according to bureau of motor statistics. it is very rarely an electric car that catches fire. melissa: i mean that is interesting because i read in number of place it is was the first fire. obviously you know more about that than a lost reporters doing stories on it. >> yeah. melissa: shares dropped. but this stock has been absolutely on fire up 400%. i think it is year-to-date. do you see this as an opportunity? >> i really don't. this stock is, the fundamental side about the company and this stock really have nothing to do with each other. the unfortunate reality this stock has become a momentum stock. you look at stocks like facebook, stocks that have, amazon -- melissa: spencer, let me stop you right there then. will this kill the momentum? is this a point to jump out? >> it may very well could. this may pick the bubble that cause as wash of capital to come out t will get very volatile. if it doesn't pop back up in this momentum rage here soon,
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you could see the stock go back down to 100. it is 170. it could go down a long ways so quickly because it has come up so fast. it is just momentum. melissa: one of things put pressure it got a rare downgrade. telling investors they're bullish in the long run but the company has significant milestones next 14 months that have a lot of risks. what do you think about that? >> there are a lost risks coming up. they have new models to launch which cost billions of dollars. they're using existing platform and recall and ongoing fixes to the model s itself. that will come out of it. you have to keep in mind they're making a lot of money from the carbon credits they're selling to automakers from the california arrow source board. melissa: of course. >> that certainly helped their profitability over the last couple years. melissa: spencer, the flip side of that, people have been throwing stones and tomatoes and everything else at this stock for a long time and it continues to accelerate higher, in the
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face of logic. it doesn't seem to matter. what shareholders care about is elon musk. it's a momentum stock as you said so why fight momentum? >> yeah, i don't know that you ever want to get in the way of momentum and say this is the stock i want to short and get in the way of. i think that is why it continued to ramp up non-stock. anybody that has been short has been steam rolled. inevitably like we saw with bitcoin, it goes up and up until it stops. and when it stops, it really stops and comes all the way back down. there will be a similar story here. it is not that it's a bad company. it is not that it doesn't have a bright future. it is so far ahead of itself it is unbelievable. melissa: we'll leave it there. we have a more on twitter. our own charlie gasparino is on the phone. what do you have? >> that fatal day is come where they file the s-1 where we find some of the financial of twitter which are pretty interesting. they are going to raise a
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billion dollars. we shouldn't point out facebook last year raised five billion. kind of gives you idea of the scale and they are not looking to be greedy. they're looking to do a deal one fifth the size of facebooks. we're going through this s-1 filing. some interesting stuff in there. we'll know more about that. trtw i believe is the symbol. let me make sure about that. melissa: no, it is twtr. >> there you go. my dyslexia kicking in there. melissa: i don't know if you had a chance, did you find the revenue numbers to be surprising, looking at $106 million in 2011, 316.9 million? >> some of this was known. katy roof who works for fox news did a pretty good story last night on the fact that this thing was probably going to be filed today or maybe tomorrow. and those numbers were kind of known, the revenue numbers.
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so i don't think there is any real huge surprises there. one surprise is what has not been mentioned in this filing. they did not mention an exchange. now there has been numerous reports they would list on the new york stock exchange. obviously a huge blow to nasdaq with all these tech ipos. a huge win for the new york stock exchange -- silicon valley they did not list an exchange. a lot of people think it was going to the new york stock exchange. and it looks like, and this is what katy reported last night, clearly the nasdaq was makeing a last-ditch effort why they should be preferred exchange. we should point out facebook has been trading very well, and all the stocks what is known as the nasdaq 100. gives you a an idea of nasdaq's selling point. you get in the nasdaq 100. you trade up with some of the biggest tech names and you get a list and a floor how much your shares can go down. so they're clearly making that case. what is interesting, the fact they have not been named, they have not named an exchange shows
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me nasdaq is starting to turn some heads over there doesn't mean they will win it. i'm saying most people thought with the filing they would -- exchange. obviously we'll see what happens with that but the rest of it, i don't know, i'm kind of thinking, you know, there is so much coming from this, you know, it is not, it is not a -- melissa: charlie, a billion dollar number seem low to you? >> you know, someone just e-mailed me and said i got the facebook ipo wrong. that is maybe the, how much they sold. i just, katy just e-mailed me, facebook raised 16 billion. we'll check that number. melissa: right. >> either way it is a small -- melissa: small number. >> here is what is interesting about that number, here is what is interesting about that number, they don't want to be greedy. they want this thing to sell well. they don't want to get greedy and sell too many shares. that is what is around the facebook ipo this. that they were pushing up the price too high and selling too much. they increased the size of the
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deal late in the game and pressed the market -- melissa: tries to squeeze every dime. >> aside from the nasdaq glitch, you know they still had some pricing issues. so here is where we are. if it is five billion compared to -- much smaller deal. melissa: charlie gasparino, thank you so much. >> anytime. melissa: next on "money," meet "america's next big energy source. landfills. seriously. a new type of fuel to power your car goes on sale today. is it a game chinker or the entire industry? we'll tell you all about it. "piles of money" coming right up hey daddy, what's your job? daddy's a uhh florist. are you really a florist? dad, why are there shovels in the trunk? there's no shovels in my trunk. i see shovels... you don't see no shovels. just am. well, it's true. at ally there are no hidden fees. not one. that's nice.
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♪ liz: now on to rescue story changing the energy industry landscape. you may have heard of the idea of using landfill waste gas
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appear car. you can actually buy it today. more than 40 filling stations in california. being sold to its own retail distribution system, and all that the they could have a huge impact on price of the pump. you want to save on gas. with yell, john kingston. you know coli have to tell you, this sounds expensive. i like the idea of using natural gas transportation, when we talk about converting methane into natural gas for your car. >> the new york times story that led all of this was kind of breathless. yet to take methane out of landfills. as landfills will have a little explosion. the statement they now. what's going on here it is being driven by the california low carbon fuel standard which we could talk about forever, but the idea is that want to reduce the intensity. if you lay out the longest of every single fuel that can go
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and power car and how it's made in california, the, the lowest carbon intensity is natural gas that comes off of land fell. melissa: what your saying is that when clean energy fuels say that the price to buy a gallon of this through breeding stations, $2.94 verses the national average of $3.30 for regular gasoline. is that because there are these tremendous credit that they're giving in california to use this gas? >> that could be. remember, natural gas holds a lower energy intensity. obviously in all the calculations they are assuming a big net back. so natural gas has been used as fuel for a long time. slow to adapt. it has a lot of problems. no problems, but you don't have a lot of retail outlets. the resale volume of the cars is problematic. slowly gaining traction because
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of the price of natural gas. what's really driving this is that california low carbon credit. melissa: and clean energy, we should mention, boone pickens, he has been a huge proponent of natural gas. he has to have seen the opportunity here. the admission credit to your talking about. >> when the california air resources board came out with this list of the best deals, i use best with some air quotes according to carbon intensity, methane from landfills. even just corn based ethanol, seven times a carbon intensity. so the cells of this with two things. a low carbon fuel credit and also going to get a real bloodbath vacation credit.
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they will be able to double dip. there will be able to get elsie s f credit generated. a price of the end of last year was about $29. most recently it has been doubled. you can see the economics are great. melissa: funded by taxpayers. the only other thing i see that can see this down the road is the idea that natural-gas from shale is so cheap. this system makes sense to use this for transportation? >> the car and intensity of natural-gas. the assumption is that that meant in is going to produce no matter what. your garbage into a landfill. it will decompose, they're off methane. so the carbon insensitive rating is really low. allow lower.
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so this, even -- melissa: the better question is if you're not going to use it for fuel you would be injecting it into the great. is that a more cost-effective way? >> i would imagine not. i don't know how to run the numbers. if you throw it into the grid for electricity in not giving credits. melissa: thank you for coming to the nonsense. no one knows this better than new. from the u.s. to every corner of the globe money has been flying. portugal or the country passed a crucial test. the u.s. and imf officials said portugal is meeting financial and deficit targets. as a result portugal did seven and a half billion in additional funding for creditors. on to russia, it can always find a good time to flex its muscle. today is no exception. he announced pressure will beef up its presence in the arctic. he calls the reason is essential
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to russia's economic and security interest. an abandoned soviet base will be restored to help protect shipping routes. touching down in ireland government leaders are asking voters to abolish the country's senate. $27 million a year next on "money," the plot thickens. shocking marriage in new york city. a family of the motorcyclist to govern over is ready to suit. obviously gloria allred is stepping in. how much money is just a? and apparently never knew some much could come from just one little bill. the answer coming up. it um... where's mrs. davis? she took an early spring break thanks to her double miles from the capital one venture card. now what was mrs. davis teaching? spelling. that's not a subject, right? i mean, spell check. that's a program.
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camera, the viral video of the range rover clash between bikers had been lost from more than 4 million people in youtube. it is terrifying and terrific. now it looks like a legal battle will be waged over who the real the tennis. the motorcyclist was run over as the driver fled for his life, he has now hired high-profile powerhouse attorney gloria allred in a clear indication he is planning to sue the driver for damages. you have seen the shocking video. should the biker be entitled to money? with me now to break tell them to mike at mcevoy, an attorney. thank you for joining is. >> a case against other people are involved people like altering events.
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or because down to is as far as the suv driver and he would be pursuing damages against the theory of reckless driving and/or an intentional act of driving. one day -- the devil is in the details. obviously the suv driver will rely on the possible defense of self-defense which applies in a civil context, but we have also got to find out, was this gentleman, the person who is now paralyzed, what his involvement was with the folks who were provoking. slashing tires, was he involved in that are was seen not? >> does that make a critical difference? even if he was involved in provoking the driver did he is it a separate incident in labor if he is down on the ground and the carols and over? does it matter? it only rarely matters of the driver was in fear for his life and fled because he was getting attacked and was afraid.
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but he said in his press conference committee may have been life. >> the commissioner correctly states that with his back to the criminal charges that could potentially be levied against the driver of the suv. in a civil -- the criminal context does not matter. essentially what we're looking at is a comparative of the german who is injured, to what extent. melissa: let me ask you about the money before zero we ran at a time because the show is called money. once i see gloria allred sashay on to the scene after think that it is all about money. how much money do you think that he could possibly -- how much he think he could get? >> trying to put a value on pan suffering. melissa: which happens in court
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every day. >> it does. the move by this man to hire a high-powered attorney. it is certain, if it goes to trial committed before a jury, each and every one of those numbers is going to have heard about this case. melissa: the point of hiring gloria allred is that you hire hurd to negotiate and put money out the side. that is a track record. would you think he could extract from these people? i want some money from these folks. >> i can tell you what the actual dollar value is. melissa: you don't even want to gas. >> rocca my would say certainly, could potentially be worth. in the millions. however, you have to factor in the fact that he may have been
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responsible himself. in the state of new york idiom of comparative fault that he shares for his injuries is reduced from his overall board. all of that is factored in when salomon negotiations are going on. melissa: thank you for coming down. next, real-estate developers are rolling out amenities so over-the-top that you probably have never even imagined that these exist until now. bone shaped pools. guard. don't go anywhere. the end of the day is all about the end of the day is all about "money." ♪ have copd. if you've got it, you know how hard it can be to breathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder
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we're not simply saluting history... we're making it. ♪ melissa: if you think the housing market is being hammered, take a look at this. an apartment with a garage that brings your car right to your door. whatever level you are on. with this. these things are real and could
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be yours. they're not cheap. the matter the downturn developers are seeing dollar signs. there are literally pulling all the stops. even some that you never imagined to woo new buyers and renters. who better to that one of the stars from the hit show million dollar listings. thank you for coming on. this is one that makes no sense to me. what is my car to ride on the elevator with me? of good living in town and. >> is a lot of advantages. one is privacy. most people don't have rises in their own buildings. he never have to get out of your car before you go into your apartment. melissa: aggression and to building. >> i think is one of the greatest luxury someone in your
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could have. the rest of the country has cars is attached to their homes. they're used to it. we are very unique and effectively dealt. melissa: a mighty good to ride the elevator? maybe if i want to avoid to chatting with people this is the extreme way do it. how about dark city? massages, acupuncture and home cooked meals. obsess with the dark. >> and they will live there and pay more for the apartment. melissa: what is the premium? >> new development, 20%. melissa: really?
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the car will be from a to be is about quality of life. people know that the economy is recovering now willing to play more for that same apartment. melissa: that is my question. the 50,000 the square-foot deck with tennis courts and volleyball court and barbeque stations, i say that the economy is back in the builders of realize they have to do something of the top to differentiate themselves now. people back spending money. is that when you read into this? do you read into it that it is a bubble and there's a lot of money flooding into because of the fed in interest rates being low and another bill will come in. >> interest rates are rising for one. more and more amenities. think it's a return to luxury. is that okay for people to spend money. land costs more now than ever before, which means apartment prices going to cost more now than they ever have before. i think there is a billion dollars worth of real estate
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sold the last nine months for apartments over $4 million. i don't think it's a bubble. people adjust okay spending more money for better quality of life melissa: what is the amenity you have not seen that would really sell a building if you are going to talk to build right now. >> i want like direct into my apartment pressure store. the carter rushed idea, but i want to be able to get my refrigerator and dollars have it automatically stock from the back and did his nose with what. melissa: and it as what you want let's get to work on that. thank you so much. have you will come back. the mastermind behind an illegal billion dollars empire turns out to be 29 years old. he was smart enough to build one of the biggest markets in the world in only two years. no amount of money can buy your way out of being stupid in the end. it will tell you about the big bucks and "spare change" coming up. you can never have too much money. ♪
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so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-ofhe-art monitoring center, whe experts
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♪ melissa: it is time for a little fun with "spare change." today we are joined by my partner and climb. i don't want to sell you sure. apparently even making $80 million can buy you brains. some obvious. the criminal mastermind. it was the world's biggest on-line drug market just in case you never went there to buy anything. he went by the name to red parrots roberts. the fed say the illicit business brought in over 1 billion in
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revenue in just two years. he thought the money made him untouchable. he is all being busted. giving an interview with forbes. hello. that is not what you do when you want to stay anonymous. he can't help but laugh. it led the fed is right to his door. what to you think? >> , don't think he's a stupid as you think. he might -- there are many, many, many. we don't know for sure. so we don't know how long he was actually in charge of it. i think then by that logic would make him even dumber. he's the one that got caught. >> millions to beat and it's supposed to be anonymous. maybe not. melissa: the interview with forbes.
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smart? as somebody who was a criminal prosecutor would you say that the guys to get caught generally do interviews with major financial publications or sort of keep a low profile? >> you probably don't want to be public if you are looking at an anonymous network. one interesting thing is people keep talking about it as a narcotics network. a murder for hire plot. fiat cahoon. melissa: you think this could be about a murder rather than the drug enterprise. >> it's about all of that. a criminal enterprise that the balls of narcotics trafficking and money laundering an alleged murder for hire plot. melissa: is all that makes you think it's even less? >> why not. the religious -- money is power. he felt emboldened by that. you want to spread the word. maybe they needed a boost in business.
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>> when you go down that road it just does not end well. melissa: the of the point is bit, and is supposed to be totally anonymous. one point it was the threat of selling them names of all the people use the decline which undermines the purpose. >> it's not just bit point. they also used an a network that allows users to contact the site . there's a lot of anonymous ways to contact. law enforcement as the -- has to work very hard. this is a growing area of crime. melissa: are you surprised that they were able to operate for so long and makes a much money in something that a lot of people milled about? his seemed like very easy to get caught. >> people were fascinated and wanted to get a piece of it. it is the new latest and greatest technological innovation after social media. so i don't think this will be the end. a lot of press.
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this is going to be the end. i think it was a lesson learned. melissa: thank you so much. up next, who made money today. all the cash they need from one lapel pin restatements of finance who it is. you can never have too much "money." ♪ my customers can shop around--
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see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. bny mellon combines investment management & investment servicing,giving us unis
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which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it.
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rapidly growing with physicians and obesity specialists and that outlook shan't -- sent shares sleeping more than 8%. good for them no matter how you say it.
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meanwhile optimism money today, bill asman has been on the wrong side of j.c. penney and urban life all year. it cost and $2 billion in just seven months. that is how much assets under management have declined. most of the drop is due to investment losses according to the wall street journal. and making "money" today, the 100th year in a row, who federal government, you can think president woodrow wilson a century ago today signing the modern income tax law into effect. congress has been spending all of that money very wisely ever since, when you say? will not be sending an anniversary present. all right. it's all we have. i hope you make a five today. be sure to watch as tomorrow from my interview. the glamor is co-founder of jimmy chu, the brains behind the super high-end line, an amazing story to share with a new book
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out tomorrow at 5:00 p.m. "the willis report" is going up next. ♪ gerri: hello, everybody. and gerri willis. tonight on "the willis report" confusion over obamacare. why isn't the government telling us how many people have signed up? also, the user's guide to obamacare, breaking down how it affects traditional health-insurance plans. brace yourself. open enrollment season begin next week. >> there will not negotiate. gerri: the latest on the standoff in washington as a shut down drags on. we're watching out for you tonight on "the willis report." ♪